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2007 Economic Forum. I nformation provided by Jacksonville State University Center for Economic Development and College of Commerce and Business Administration. Building on Past Success, Building for the Future:. Calhoun County Update State of Alabama Update. Overview. Member Survey

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Presentation Transcript
slide1
2007 Economic Forum

Information provided by Jacksonville State University Center for Economic Development and College of Commerce and Business Administration

building on past success building for the future
Building on Past Success, Building for the Future:
  • Calhoun County Update
  • State of Alabama Update

Overview

calhoun county 2007 update
Member Survey

Population

Employment

Cost of Living

Housing

Business Licenses

Retail Sales

Infrastructure

Calhoun County 2007 Update

2

slide8
Q#3: How Likely is Increase in Demand

Your Products/Services in

Coming Year

Year 2007

slide9
Q#3: How Likely is Increase in Demand Your Products/Services in Coming Year 2003-2007
labor force calhoun county 1998 2006
Labor Force Calhoun County 1998-2006

*Jan-Nov 2006

Source: U.S. Bureau of Labor Statistics

slide18
Employment for Calhoun County 1998-2006

Source: U.S. Bureau of Labor Statistics

unemployment rate for calhoun county 1998 2006
Unemployment Rate for Calhoun County 1998-2006

Source: U.S. Bureau of Labor Statistics

unemployment for calhoun county vs alabama 2006
Unemployment for Calhoun County vs Alabama 2006

Source: U.S. Bureau of Labor Statistics

slide21
3.3%

Alabama Unemployment Rates December 2005Preliminary State Rate (Seasonally Adjusted)State Ave – 3.6%

Unemployment Rate

3.1% and Below

3.2% - 3.8%

3.9% and Above

Source: AL Dept of Industrial Relations

slide22
3.3%

Alabama Unemployment Rates December 2006Preliminary State Rate (Seasonally Adjusted)State Ave – 3.6%

Unemployment Rate

3.3% and Below

3.4% - 4.4%

4.5% and Above

Source: AL Dept of Industrial Relations

slide23
Calhoun County Total Employment by SectorNov 2006

Source: U. S. Bureau of Economic Analysis

slide24
Calhoun County vs State of Alabama Total Employment by SectorNov 2006

Calhoun

State

Source: U. S. Bureau of Economic Analysis

slide25
Calhoun County Manufacturing Employment vs All Alabama MSAs Nov 2006

14.6% Avg - - -

Source: U. S. Bureau of Economic Analysis

slide28
Calhoun Housing Statistics Nov 2005 – Nov 2006

Source: Alabama Real Estate Research & Education Center

calhoun county housing affordability index 3 rd q 2006
Calhoun County Housing Affordability Index 3rd Q 2006

Source: Alabama Real Estate Research & Education Center

retail sales state level data
Retail Sales – State Level Data
  • Alabama Department of Revenue
    • November 05-November 06
      • (Up 5.20%)
    • FYTD 05-06 to 06-07
      • (Up 5.67%)
  • County Level ?

Source: Alabama Department of Revenue

anniston chemical agent disposal facility
Anniston Chemical Agent Disposal Facility

Since 1st burn on August 9, 2003, have destroyed

  • 42,738 GB-filled rockets/warheads (0 remain)
  • 16,026 GB-filled 8-inch Projectiles (0 remain)
  • 9,060 GB-filled 155 Projectiles (0 remain)
  • 68% storage risk eliminated (M55 Rockets)
  • 24% stockpile destroyed
  • Operations to be completed Sum 2010

Source: Anniston Chemical Agent Disposal Facility

slide34
Calhoun County vs Select Metropolitan Statistical Areas (MSAs)

MSA Symbol

Calhoun County AL CAL

Decatur IL DIL

Flagstaff AZ FAZ

Jackson TN JTN

Jonesboro AR JAR

Morgantown WV MWV

Owensboro KY OKY

Salisbury MD SMD

St. George UT SUT

Victoria TX VTX

slide36
Calhoun County vs Select MSAs % Unemployment Rate 2006

3.8% Average - - - -

Source: Bureau of Labor Statistics

slide38
Calhoun County vs Select MSAs % of Work Force Age 18 – 65 2005

63% Avg - - -

Source: www.fedstats.gov

slide39
Calhoun County vs Select MSAs %Change in Population 2000 - 2005

32%

5.4% Avg - - -

Source: U.S. Census Bureau

slide40
Calhoun County vs Select MSAs Mean Annual Wages in Thousands 2005

$31 Avg - - -

Source: Bureau of Labor Statistics

slide41
Calhoun County vs Select MSAs Average Wage per Hour in $ 2005

$14.91 Avg - - -

Source: Bureau of Labor Statistics

new and expanding industries calhoun county 2006
New and Expanding Industries Calhoun County 2006

Source: Alabama Development Office

calhoun county summing it up
Membership Survey-Guarded

Population- Up

Employment- Up

Unemployment- Down

Cost of Living-Down

Housing Sales- Down

Business Licenses- Up

Retail Sales-Up

Infrastructure- Improving

“Building for the Future”

Calhoun County: Summing it Up
state of alabama update
BLCI Survey

Demographics

Economic Indicators

Education

Achievemens 2003

Other Issues

State of Alabama Update

59

alabama business leaders confidence index
Alabama Business Leaders Confidence Index
  • State Survey – 4th Quarter 2006
  • Approximately 300 respondents
  • www.blcindex.com
slide46
Alabama Economic OutlookQ4 2005 compared to Q3 2005

Last Year

Source: Alabama Business Leaders Confidence Index

slide47
Alabama Economic OutlookQ4 2006 compared to Q3 2006

This Year

Source: Alabama Business Leaders Confidence Index

slide48
Alabama Economic OutlookQ4 2005 – Q4 2006

Source: Alabama Business Leaders Confidence Index

u s migration patterns january december 2005
U.S. Migration PatternsJanuary- December 2005

High Inbound

High Outbound

Balanced

Source: United Van Lines

slide51
U.S. Migration PatternsJanuary- December 2006

High Inbound

High Outbound

Balanced

Source: United Van Lines

slide52
Alabama Housing Statistics Nov2005 – Nov 2006

Source: Alabama Real Estate Research & Education Center

slide53
Alabama Per Capita Income vs U.S. 2001-2006 in $1,000

Source: U.S. Bureau of Economic Analysis

slide54
Alabama Per Capita Income vs U.S. 1964-2006 in $1,000

Source: U.S. Bureau of Economic Analysis

slide55
Alabama Per Capita Income Percentage vs U.S. 1964-2006

Source: U.S. Bureau of Economic Analysis

slide56
Alabama Civilian Labor Force2001-2006 in Millions

Source: Alabama Dept of Industrial Relations

slide57
Alabama Employment2001-2006 in Millions

Source: Alabama Dept of Industrial Relations

slide58
Alabama Unemployment vs U.S.2002-2006

Source: U.S. Department of Labor

alabama gross state product change vs u s 2000 2005
Alabama Gross State Product % Change vs U.S.2000-2005

Source: U.S. Bureau of Economic Analysis

slide60
Alabama Gross State Product1978-2005 in $Billions

Source: U. S. Bureau of Economic Analysis

slide61
Alabama Gross State Product% Change1980-2005

Source: U. S. Bureau of Economic Analysis

alabama total employment by sector 1980 1 652 621 jobs
Alabama Total Employment by Sector1980 (1,652,621 Jobs)

Source: U. S. Bureau of Economic Analysis

slide63
Alabama Total Employment by SectorNov 2006

Source: U. S. Bureau of Economic Analysis

slide64
Alabama Total Employment by Sector1980-2006 (+774,731 Jobs, Up 45%)

1980

2006

Source: U. S. Bureau of Economic Analysis

manufacturing as percent of state employment may 2004
Manufacturing as Percent of State EmploymentMay 2004

Source: U.S. Bureau of Labor Statistics

slide66
Alabama Gross State Product from Manufacturing1978-2005 in $Billions

Source: U. S. Bureau of Economic Analysis

slide67
Alabama Employment from Manufacturing1978-2005 in 1,000s

Source: U. S. Bureau of Economic Analysis

slide68
Percent of Alabama Workers Manufacturing 1980-2005

Source: U.S. Bureau of Economic Analysis

slide69
Percent of Alabama Workers Motor Vehicle & Equipment1980-2005

Source: U.S. Bureau of Economic Analysis

slide70
Alabama Gross State Product/Job Motor Vehicle & Equipment1998-2004

Source: U.S. Bureau of Economic Analysis

slide71
Alabama Gross State Product/Job Durable & Non-Durable Manufacturing 1978-2005

Source: U.S. Bureau of Economic Analysis

slide72
Alabama vs Southeastern States (SE) Comparative Data

Alabama AL

Florida FL

Georgia GA

Kentucky KY

Mississippi MS

North Carolina NC

South Carolina SC

Tennessee TN

United States U.S.

slide73
Alabama vs SE States % Unemployment Rate Nov 2006

5.1% Avg - - -

Source: Bureau of Labor Statistics

slide74
Alabama vs SE States % High School Graduates or Higher2000

76.4% Avg - - -

Source: www.fedstats.gov

slide75
Alabama vs SE States % Population Change 2000 - 2005

6.16% Avg - - -

Source: www.fedstats.gov

slide77
Alabama vs SE States % Federal, State, Local Govt Emp. 2000

14.98 % Avg - - -

Source: www.fedstats.gov

alabama state summary
State Revenues - Up

Outlook Survey- Guarded

State Population- Up

Housing Sales- Down

Alabama Gross State Product- Up

Employment- Up

Personal Incomes- Up

Unemployment- Down

Labor Force- Up

Alabama State Summary
slide80
Manufacturing Employment Percentage (G-7 Countries) 1960-2005

Source: U.S. Department of Labor

slide81
Average Manufacturing % Change for Productivity, Output, and Employment (G-7 Countries) 1994-2004

Source: U.S. Bureau of Labor Statistics

slide82
Gross Domestic Product per Capita 2004 in $Thousands (G-7 Countries)

31.4% Avg - - -

Source: Bureau of Labor Statistics

slide83
Calhoun County vs Select MSAs –Air Passenger Enplanements 2005 in Thousands

19.8 Avg - - -

Source: Federal Aviation Administration

slide84
Calhoun County vs Select MSAs Distance from Major Air Carrier Airport

85 miles Avg - - -

Source: Federal Aviation Administration

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